After a strong Q1, global trade levels remain steady with all regions exhibiting upward trends
After a strong Q1, global trade levels remain steady with all regions exhibiting upward trends, according to the latest World Trade Indicator.
The World Trade Indicator is powered by LogIndex, the analysis arm of logistics giant Kuehne + Nagel.
After a significant dip in mid-2016 which occurred amid cheap oil prices, global trade has been on the up reaching its highest levels since 2008 recently in terms of levels and growth rates.
The potential of a looming trade war between the US and China has yet to impact markets, however analysts expect any trade war to be highly detrimental to both countries and there to be ramifications for the globe.
Despite the trade war fears, Chinese and US ports both saw record levels of trade in Q2, 2018, with a 1.3% increase on Q1.
Latest reports indicate that the US and China have both slapped tariffs on imports from each other, the full effects of which remain to be seen.
Read more: Global Trade Finds Form